Category: United States Politics and Government

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

The New York Times – Business:
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
FDA Seeks More Authority to Oversee CBD Products

The New York Times – Business:
The agency wants Congress to intervene, saying it does not have adequate oversight powers to ensure the safety of the myriad cannabidiol products derived from hemp.
Biden Set to Hammer House Republicans on the Economy

The New York Times – Business:
The president has found a welcome foil in a new conservative House majority and its tax and spending plans, sharpening a potential re-election message.
Judge Orders Release of Video Footage Showing Attack on Paul Pelosi

The New York Times – Business:
Judge Stephen M. Murphy of San Francisco Superior Court ruled that there was no reason to keep the footage secret. It could be released as soon as Thursday.
House Passes Bill to Study FAA Alert System Whose Outage Grounded Flights

The New York Times – Business:
The outage caused departures nationwide to be halted one morning this month, disrupting travel and drawing attention to the Federal Aviation Administration’s outdated technology.
Climate Change May Bring New Era of Trade Wars, as E.U. and U.S. Spar

The New York Times – Business:
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
Elliott Management, Activist Investor, Buys a Stake in Salesforce

The New York Times – Business:
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.
As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service

The New York Times – Business:
The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
How the U.S. Government Amassed $31 Trillion in Debt

The New York Times – Business:
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
Savings Accounts for Disabled People Are Opened to More of Them

The New York Times – Business:
Only those who became disabled by age 26 have been eligible for ABLE accounts. But Congress raised the age to 46, so more military veterans and others can qualify as of 2026.
Air Travel Debacles Put Pete Buttigieg in the Hot Seat

The New York Times – Travel:
Pete Buttigieg, the transportation secretary, is facing scrutiny after a meltdown by Southwest Airlines and a Federal Aviation Administration system outage wreaked havoc on flights.
The U.S. Hit Its Debt Limit. What Happens Next?

The New York Times – Business:
The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.